Petronet LNG, the country’s largest LNG importer, has signed an agreement to set up a $950 million Liquefied Natural Gas (LNG) import project in Bangladesh. The company has inked a Memorandum of Understanding (MoU) with Petrobangla to set up a 7.5 million tonnes (MT) a year project to receive and regasify LNG on Kutubdia Island in Cox’s Bazar and lay a 26-km pipeline to connect it to the consumption markets. The project envisions future expansion and can be used to supply LNG through small barges and LNG trucks to users which are not connected by gas grid.
Petronet LNG (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). The company operates through the segment of natural gas business.